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Goliath Resources drills 21.72 meters of quartz-sulphides veining and brecciation 1,000 meters down dip from the northeast showing at Surebet zone in Golden Triangle, BC

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Goliath Resources has completed drilling a total of 5,332 meters during its 2021 maiden diamond drill campaign, with all 24 drill holes intersecting significant widths of quartz sulphides, demonstrating the extent and robust nature of Surebet, which remains open both along strike and to depth.

Additional Information:

Company: Goliath Resources Limited
Website: http://www.GoliathResourcesltd.com
Stock Symbol: TSXV: GOT
Date Published: Sep 24, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotten for Investmentpitch Media

Goliath Resources Limited has reported a 21.72 meter intercept of extensive quartz-veining and brecciation with sulphides of up to 10% at its Surebet Zone in BC’s Golden Triangle.

The Surebet Zone is located within the company’s 100% owned 23,859 hectare Golddigger Property, which is located in the Golden Triangle, on tide water, 30 kilometers southwest of Stewart, British Columbia.

The property is in close proximity to the Dolly Varden Silver Mine, Fury Resources’ Homestake Ridge Deposit, and Hecla Mining’s Kinskuch Project.

The company has completed drilling a total of 5,332 meters during its 2021 maiden diamond drill campaign, with all 24 drill holes intersecting significant widths of quartz sulphides, demonstrating the extent and robust nature of Surebet, which remains open both along strike and to depth.

With the program now complete, all drill core has been sent for analysis and the company is in the process of demobilizing for the season.

Today, the company reported a 21.72 meter intercept in drill hole GD-21-24 from the Real Deal Showing which contained extensive veining and brecciation with up to 10% sulphides similar to the Surebet Polymetallic Gold-Silver Zone seen in other intercepts.

Assays from GD21-001 to 003 were released on August 30th, including 35.72 meters containing a weighted average of 6.37 grams per tonne gold equivalent or 4.46 grams per tonne gold Au and 122.13 grams per tonne silver from Hole 003, which confirmed high-grade gold-silver mineralization within quartz-sulphide breccias in a surrounding envelope of quartz-sulphide stockwork.

The 2021 drill campaign was designed to trace the high-grade gold-silver mineralization at Surebet along 1,000 meters of strike and down dip.

From extensive channel cuts taken in 2020, the Surebet Zone averaged 9.84 meters wide grading 7.59 grams per tonne gold with 500 meters of vertical relief and 1,000 meters of inferred down dip extent seen on the north side of the mountain.

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 km of the Red Line.

Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area.

Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures.

The shares are trading at $0.89.

For more information on the company’s other BC project and its projects in the Abitibi Greenstone Belt of Quebec, please visit the company’s website www.GoliathResourcesltd.com, contact Roger Rosmus, Founder and CEO, at 416-488-2887 ext 222, or email roger@GoliathResources.com.

I’m Katriina Cotten for Investmentpitch Media